S&P 500 Index: June 2024 price target is 4,400 – UBS

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S&P 500 Index: June 2024 price target is 4,400 – UBS
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S&P 500 Index: June 2024 price target is 4,400 – UBS SP500 Equities Banks

With economic activity more resilient than expected, Q2 should mark the trough in earnings growth. We look for S&P 500 profits to beat expectations and decline 3-5% year-over-year. Excluding the energy sector, profits could be up slightly. Guidance for Q3 should also be good.

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